Oregon Community Bank

Hours & Location

608-835-3168

Home Equity Loans

Home Equity Loans

A home equity loan is a revolving line of credit on a portion of the equity in your home, putting this equity at your fingertips as a safety net for unforeseen expenses or to make home improvements. With our home equity line of credit:

  • Interest paid only on the amount you use
  • Pay it back at your own speed
  • Minimum payment is interest only
  • Different payment every month based on usage
  • Renew every 5 years

Contact our Mortgage Lending Department for the terms we offer.

5-Year Fixed Second Mortgage

A second mortgage is a loan borrowing against the equity in your home. This mortgage loan option is perfect for smaller dollar amounts that are easier to pay back.

  • A specific amount with a fixed rate
  • Same payment every month

Contact our Mortgage Lending Department for the terms we offer.

Adjustable Rate Mortgage (ARM)

A second mortgage is a loan borrowing against the equity in your home. The adjustable rate mortgage option works well for larger dollar amounts that may take longer to pay back. Contact our Mortgage Lending Department for specific terms.